Egerton Capital UK LLP Invests $507.04 Million in Alibaba Group Holding Limited (BABA)

Egerton Capital UK LLP bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,935,794 shares of the specialty retailer’s stock, valued at approximately $507,041,000. Alibaba Group Holding Limited comprises 4.5% of Egerton Capital UK LLP’s investment portfolio, making the stock its 8th biggest position. Egerton Capital UK LLP owned 0.11% of Alibaba Group Holding Limited at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. purchased a new position in shares of Alibaba Group Holding Limited in the 2nd quarter valued at approximately $102,000. FNY Managed Accounts LLC purchased a new stake in shares of Alibaba Group Holding Limited in the first quarter valued at approximately $107,000. Lee Financial Co boosted its stake in shares of Alibaba Group Holding Limited by 45.5% in the second quarter. Lee Financial Co now owns 800 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 250 shares in the last quarter. Winch Advisory Services LLC boosted its stake in shares of Alibaba Group Holding Limited by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Alibaba Group Holding Limited in the second quarter valued at approximately $116,000. Institutional investors own 37.39% of the company’s stock.

A number of research firms recently weighed in on BABA. Macquarie lifted their price target on Alibaba Group Holding Limited from $171.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Bank of America Corporation lifted their price target on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded Alibaba Group Holding Limited from a “buy” rating to a “hold” rating in a research note on Friday. KeyCorp set a $182.00 price target on Alibaba Group Holding Limited and gave the company an “overweight” rating in a research note on Friday, August 18th. Finally, SunTrust Banks, Inc. began coverage on Alibaba Group Holding Limited in a research note on Tuesday, August 15th. They issued a “buy” rating and a $175.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Alibaba Group Holding Limited presently has an average rating of “Buy” and an average target price of $184.45.

Alibaba Group Holding Limited (BABA) opened at $191.19 on Friday. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $191.75. The firm has a market capitalization of $486,209.47, a price-to-earnings ratio of 55.19, a PEG ratio of 1.43 and a beta of 2.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

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Alibaba Group Holding Limited Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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